Kotak Mahindra Bank Limited BANSWARA BRANCH IFSC Code, MICR Code, Contact No. - Banswara, Rajasthan

Kotak Mahindra Bank Limited BANSWARA BRANCH Branch IFSC Code, MICR Code (Banswara, Rajasthan). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code, Contact No. of Kotak Mahindra Bank Limited BANSWARA BRANCH - Banswara, Rajasthan

IFSC Code:KKBK0000294
MICR Code:327485002
Branch Code:000294 (Last six characters of IFSC Code represent Branch code)
Address:GROUND FLOOR, MOHAN COLONY CIRCLE, BANSWARA, RAJASTHAN-327001
Branch:BANSWARA BRANCH
City:BANSWARA
District:Banswara
State:Rajasthan
Contact No.:226022

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Kotak Mahindra Bank Limited IFSC Code is KKBK0000294, MICR Code is 327485002, Branch Code is 000294 which is last six characters of IFSC Code, Branch name is BANSWARA BRANCH located in GROUND FLOOR, MOHAN COLONY CIRCLE, BANSWARA, RAJASTHAN-327001, BANSWARA, Banswara, Rajasthan, Contact no. is 226022. IFSC code is used for NEFT, IMPS and RTGS Transactions.

What is IFSC Code?

IFSC code is an alphanumeric code stands for Indian Financial System Code, which is uniquely assigned to each bank branch for the main three payment and settlement systems in India:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

IFSC code is represented by 11 digit character, the first 4 characters of the IFSC code represent the name of the bank, the fifth character is 0 reserved for future use, the last 6 numbers represent the branch code of the bank. The very common use of the IFSC Code is to transfer fund using Internet Banking.


What is MICR Code?

MICR code is short for Magnetic Ink Character Recognition Code is a 9-digit code that identifies the city, bank, and branch, which is found at the bottom of the cheque. With a special machine, MICR codes help faster processing of cheques. MICR code is consists of 3 parts:

  1. The first 3 digits represent the city code, this code is aligned with the PIN code we use for a postal address in India.
  2. The next 3 digits represent the bank code.
  3. The last 3 digits represent the branch code.